Author Archives: Trader

U.S. dollar versus yen chart analysis

U.S. dollar is surging versus the yen
Intermediate and near-term uptrend for the U.S. dollar versus the yen as the Bank of Japan adds to the asset buying program.  This is the Japanese version of Operation Twist.

U.S. Dollar versus Yen 3-Year Chart

Bank of Japan has eased the inflation target from 1% to 2% after government demands and most likely will add to the asset buying program. This is the Japanese version of Operation Twist to reinflate the stagnant economy. The net result is a lower yen versus the U.S. dollar and other major currencies. This should help the major exporters like Sony and the Japanese automobile industry.

Are we entering a new period of currency “wars”? Both the ECB and the Federal Reserve have implemented variations of quantitative easing to reinflate stagnant economies. Exporting nations cannot tolerate a rising currency as they try to revive stagnant economies. For example, the euro is already in an intermediate uptrend versus other major currencies and this will not be welcomed by a major exporter like Germany. Relative to other euro zone countries, the German export oriented economy prospered in part due to the weak euro.

Relevant articles picked from the Web:

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Intel (INTC) chart analysis

Intermediate and near-term uptrend for Intel
Chart analysis for Intel showing the intermediate and near-term uptrend with the resistance zone.

Intel 6-Month Candlestick Chart

The major trend is down for Intel (ticker:INTC) but the intermediate and near-term trends are up. The company reports after the bell on Thursday and this could be the catalyst to break above the resistance zone. But January options expire on Friday and there is always a tendency for a stock to be pinned to the nearest option price which is $22.50.

Reference the website for Intel to review the fundamental data and latest earnings report.

Relevant articles picked from the Web:

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

TSX Index daily bar chart analysis

TSX Index has a new support level and a chance to test 12,800
TSX Index chart analysis showing the new support level of 12,500 and a chance to test resistance of 12,800.

TSX Index 1-Year Daily Bar Chart

The reversal of roles is an important concept in technical analysis. Yes, I am ready to declare a new support level of 12,500 and a chance for the TSX to test resistance 12,800.

Reference the last chart analysis for the TSX Index showing the resistance level of 12,500.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Stock Screener: The first place to start your analysis

A good stock screener is the first place to start both your fundamental and technical analysis. There are two that I highly recommend.

1. Screens based on fundamental data:

TMX Money

2. Screens based on technical data:

StockCharts.com — Charting Tools

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

U.S. Treasury 10 Year Note chart analysis

Near-term uptrend and a tentative close above resistance
Near-term uptrend for the U.S. Treasury 10 year note and a tentative close above resistance of 1.900%

U.S. Treasury 10 Year Note 1-Year chart

Reference the last chart analysis for the U.S. Treasury 10 Year Note.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Intermediate uptrend for S&P 500 Index

Resistance level of 1,470 will be a major test for S&P 500 Index
Intermediate uptrend for the S&P 500 Index with major resistance at 1,470

S&P 500 6-Month Daily Chart

Yes, 1,470 is a major resistance level for the S&P 500. A confirmed breakout would give the index a shot at the all-time high of 1,565.15 reached on October 9, 2007.

Reference the last chart analysis for the S&P 500 Index.

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

TSX Index daily candlestick chart

TSX Index and another chance to hold 12,500
TSX Index chart analysis showing the index closing again above 12,500. Now there has to be follow-through above the bullish shaven head candlestick.

TSX Index 6-Month Candlestick chart

This is the second close this week above resistance of 12,500. Now there has to be follow-through on the bullish shaven head candlestick if the the TSX Index is to hold above resistance. Then there will be a new support level (reversal of roles) of 12,500 and an increased probability for the index to test major resistance of 12,800. As you can see from the above candlestick chart, the TSX Index has struggled to breakout above resistance of 12,500 since September, 2012 and I could go back further on the weekly chart where 12,500 was a significant resistance point.

What is the trend for the TSX Index? The near-term trend is up, the intermediate trend is up and the major trend is sideways.

Reference the last chart analysis for the TSX Index which was also based on the daily chart.

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

TSX Index candlestick chart analysis

TSX Index fails to breakout above resistance of 12,500
TSX Index candlestick chart analysis showing the failure at resistance of 12,500.

TSX Index 6-Month Daily Chart

Reference the last chart analysis for the TSX Index published on December 17, 2012.

Relevant articles picked from the Web:

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca